Jlen Environmental Assets Share Discussion Threads

[macc1] 28/11/2022 08:18

Here's a video for todays results:

hxxps://youtu.be/ipzqreeHF4o

[carterit] 18/11/2022 17:54

Winterflood also pointed out that if biogas was confirmed as exempt, it would benefit JLEN Environmental Assets (JLEN), a diversified fund that generates some of its revenue from the sale of heat and biogas and enjoys some subsidy in the form of the feed-in-tariff scheme.

Funds such as Greencoat UK Wind (UKW) and Bluefield Solar Income (BSIF) with the highest exposure to subsidised CfD and ROC revenues should see a smaller reduction in NAVs, said Winterflood’s Ratnasingam.

UK Wind rose 3% yesterday, one of the biggest risers in the sector, and rallied another 3.7% today. Foresight Solar (FSFL) and NextEnergy Solar (NESF) gained over 2% yesterday.

The latter’s rise may have surprised Ratnasingam as he believed FSFL could be the most vulnerable to a knock to NAV as it had recently set its power price assumption at the higher end of the sector range of £80-£175/MWh for 2023 and £65-£150/MWh in 2024.

By contrast, he said NESF was ‘relatively attractive’ because of its investments in battery storage through a 500MW joint venture with Eelpower. Investor’s Newell estimated it was in line for a reduction in NAV of just 0.3%.

However, further clarification is needed as Chande included NESF, BSIF and UKW in a list of five that also included Renewables Infrastructure Group (TRIG) and JLEN he believed could see reductions of around 2.5% in NAV.

‘Arguably this is already reflected in discounts,’ he said. Until the smoke clears, however, those gaps between share prices and NAVs look set to remain.

[gateside] 16/11/2022 19:12

Half year results due on 28th November

[bodgeman] 16/11/2022 11:31

No positive news - just a 40% windfall tax on excess profits. Should see share price fall in the run up to autumn statement - then who knows?

[route1] 04/11/2022 13:22

JLEN seems to be treading water at the moment, does anyone have any recent andhopefully positive news as to current developments?

[melody9999] 13/10/2022 22:29

For transparency I hold both the bond and JLEN.

route1 - the bond can be sold in the market prior to maturity and I am tracking the price at each month end that would allow me to make just under 5% annualised over the period held.

the point is that the bond is virtally risk free whereas JLEN will likely return more over the long term - but as we have seen in the last month - has risk.

in a rising market stock market, bonds would be uninteresting

[markldn] 12/10/2022 12:00

You also need to consider that bonds don't have NAV appreciation.

[route1] 11/10/2022 06:11

Bonds in any currency always pay a FIXED interest over a Fixed period of time.So money is locked away.Whilst I appreciate that the certainty gives people peace of mind, I would much prefer to invest in JLEN, a company with a proven track record, which is continually acquiring new assets within the Renewable and Sustainable Energy Industries.Due to Global "circumstances " of which we are all fully aware Sustainability and Energy is front and centre , and a concern to Companies and individuals anywhere on the planet.So, on that basis I will continue to hold .

[spoole5] 09/10/2022 05:03

https://www.bbc.com/news/uk-63183946

[mrnumpty] 05/10/2022 13:39

Another point is that , at a 4.83 discount to net asset value , this is the first time , according to the share price graph provided by Hargreaves Lansdown , that JLEN has traded at a significant discount . Those five years evidently include the spring of 2020 , when stock markets crashed , and I distinctly recall the morning then when the FTSE100 collapsed by just over 10% . According to a recent buy tip by the Daily Telegraph , JLEN is the most broadly based of all the renewables funds and , as long as NAV continues to increase , the share price should eventually follow suit .

[mrnumpty] 05/10/2022 12:14

Melody9999 raises the point that the dividend here isn’t much higher than that on some bonds , and therefore suggests that investors are better advised to put money in to ostensibly safe bonds . Well , without purporting to know much about bonds , didn’t we see mayhem last week on the bonds market last week until the Bank of England threw £ 65 billion in to stabilise bonds ? Secondly , however , surely the capital value of your bonds is exactly the same at maturity as the amount which you paid for them , whereas the value of shares ( and being an investment trust , that’s what this fund is ) can increase and , it seems to me that with energy markets in mayhem , there is a screaming need for the alternative sources of electricity which JLEN is invested in , not because they are “ renewable “ but because we risk even greater electricity shortages this winter than usual . In recent years , even before the Ukraine war was part of the calculation , Britain has come increasingly close to power cuts , which have only been averted by the Government regularly paying large industrial users of electricity ( brick works , glass factories , steel works ) to cease operations . To a large extent because of the fanaticism of Westminster in pursuing Net Zero , thereby destroying coal-powered power stations and having almost no strategic gas reserves and leaving nuclear power to wither away , Britain now needs electricity from wherever it can get it . I’m very happy to be corrected about bonds by anyone who has greater knowledge than my minimal knowledge .

[route1] 29/9/2022 08:55

A real no brainer,I'm about to fill my boots for the third time, especially at these prices.

[gateside] 28/9/2022 20:32

JLEN currently yields 6.6% and at current price there is opportunity of a good capital gain.

I'd buy JLEN over gilts any day!

Just my opinion.

[melody9999] 28/9/2022 20:05

Yep - the BOE move today and the subsequent share price reverse upwards demonstrates you are right edwardt. Has less to do with windfall tax worries or Starmer's GB Energy.

If you can get 4 - 5% bond yield with no risk, why take risk to only get the same yield with JLEN?

[edwardt] 28/9/2022 19:40

Cash flow not caddie!

[edwardt] 28/9/2022 19:39

This is being seen as a bond proxy and especially with the huge rise in real yields in dex linked land. For me this is an over simplification and I have added accordingly. We have assured caddie on ppa's. Lowering corporate tax and roc subsidies that we are unlikely to give up voluntarily for the new 15 yr ppa's the govt want us to but are not compelling us to. In short - this offers real value here on any measure.